The main aim of this course is to understand the importance of insurance and insurance industry in the financial system. In this course students receive both, theoretical and practical knowledge of insurance products in the non-life/life insurance branch. Students learn about activities of insurance companies, insurance market analysis and about legislation in the insurance industry.

Course contents:

1.

Insurance and insurance industry (allowance 4/2)

2.

Insurance as a transfer of risk (allowance 2/0)

3.

Classification of insurance products (allowance 2/0)

4.

Insurance products in the non-life insurance branch (allowance 6/6)

5.

Insurance products in the life insurance branch (allowance 6/6)

6.

Activities of commercial insurance companies (allowance 2/0)

7.

Insurance market (allowance 4/0)

8.

Legislation on insurance (allowance 2/0)

Learning outcomes and competences:

Generic competences:

-

ability to analyse and synthesize

-

ability to apply knowledge

-

professional knowledge

-

skilled at utilizing and processing information

Specific competences:

-

Ability of insurance protection settings

-

Knowledge of insurance products and their use

-

Knowledge of insurance terminology and legislation

-

Knowledge of the risk in the insurance theory

Type of course unit:

required

Year of study:

Not applicable - the subject could be chosen at anytime during the course of the programme.

Work placement:

There is no compulsory work placement in the course unit.

Recommended study modules:

-

Learning activities and study load (hours of study load):

Type of teaching method

Daily attendance

Combined form

Direct teaching

lecture

28 h

16 h

practice

14 h

0 h

consultation

0 h

20 h

Self-study

preparation for exam

40 h

76 h

preparation for regular assessment

10 h

0 h

preparation for regular testing

20 h

0 h

Total

112 h

112 h

Assessment methods:

Written test from the practical application of theoretical knowledge of insurance products and insurance mathematics. Students must obtain at least 60 % of possible points. Points are included in the overall evaluation of the course. In the final written exam from theoretical knowledge students must obtain at least 60 % of possible points. The final test can not be repeated more than twice.